Question 1 Sports World Limited makes and sells cricket balls. The company sells each ball for $160. Its budget for June 2020 is 20000 units. The standard cost of producing one ball is shown below: $50 30 Direct material Direct labour Total variable cost Fixed cost Total cost $80 20 $100 Total fixed cost $400000 Required: 1. Calculate breakeven point both in units and sales dollars. 2. How many balls should be sold in order to make a profit of $70000? 3. What is the margin of safety in units and dollars? 4. Calculate the budgeted profit for the month